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Gull service station - Source: ONE News -
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Fuel prices are set to rise with the introduction of the emissions trading scheme (ETS) tomorrow, with one exception.
Independently-owned Gull says it will not be moving its prices up this week, despite the ETS increasing the cost of fuels, as they are not after "easy money".
Other companies have already announced they will be increasing their prices.
Greenstone Energy, New Zealand owner and operator of Shell, has not said how much its prices would increase, but said the government's estimate of 3c to 4c "should not be too far off".
BP did not yet know how it would change its prices and would review the situation tomorrow, while Caltex said it would be raise its petrol prices by 3c and diesel by 4c.
Mobil said its price increase would depend on "competitive responses".
But Gull New Zealand general manager Dave Bodger said there was no need to act now.
"Gull talks to its customers and very few are aware that the new ETS legislation will increase fuel prices," he said.
"There will be some easy money made by oil giants increasing their fuel prices at the outset of the ETS but Gull say give Kiwi motorists a break" says Bodger.
Gull, which has 40 sites overall mostly in the north of the North Island, says they will hold off on any changes until at least next week.
